Hand Car Wash with Office
57 8TH AVE Unit 000 Passaic, NJ 07055
For Sale
$395,000
A hand car wash property with open and private offices plus a basement with three bathrooms.
Property Size2,940 SF
Price / SF$134.35
Days on Market267
Property Features for 57 8TH AVE Unit 000
General Information
Standard status
Active
Size
2,940 SF
Property subtype
General Commercial
Building Details
Year Built
1980
Listing Agency:
COLDWELL BANKER REALTY
(201) 445-9400
Listed By:
MARIANA ZUNIGA
Source:
Xome
Added: Nov 4, 2025
Changed: Jul 10
Last Checked: Jul 29 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This property combines a hand car wash setup with office space, including both an open office area and private offices designed for day-to-day operations. A spacious basement is included with three bathrooms, supporting business needs beyond the main workspace. The building also features a shared rear entrance, providing an additional access point for staff and visitors.
Located on 8th Ave in Passaic, the property is described as having plenty of nearby parking and convenient access to downtown, highways, and public transit. This mix of access options can support businesses that rely on customer visits as well as regular contractor or staff traffic.
From a tenant or buyer standpoint, the layout suits an owner-operator or an operator needing both a service component and dedicated work areas. The inclusion of private offices alongside an open office area can accommodate administrative functions, while the basement and three bathrooms help support larger operational requirements. The arrangement also offers practical separation between the rear access and the primary work areas, helping streamline daily use.
Located on 8th Ave in Passaic, the property is described as having plenty of nearby parking and convenient access to downtown, highways, and public transit. This mix of access options can support businesses that rely on customer visits as well as regular contractor or staff traffic.
From a tenant or buyer standpoint, the layout suits an owner-operator or an operator needing both a service component and dedicated work areas. The inclusion of private offices alongside an open office area can accommodate administrative functions, while the basement and three bathrooms help support larger operational requirements. The arrangement also offers practical separation between the rear access and the primary work areas, helping streamline daily use.
Key Highlights
- Hand car wash property with open office space and private offices
- Basement includes 3 bathrooms and offers additional space
- Central Business District location with shared rear entrance for access
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $17.04 |
| − Vacancy | −$3.0k | −$1.01 |
| EGI | $47.1k | $16.03 |
| − OpEx | −$14.1k | −$4.81 |
| NOI | $33.0k | $11.22 |
2,940 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$642.6K
$562.3K – $749.7K
NOI $44,982 @ 7.0% cap · market cap 11.39%
Second Best
Specialty Retail
$642.3K
$562.0K – $749.4K
NOI $44,961 @ 7.0% cap · market cap 11.38%
Theoretical Best
Office A
$767.7K
$671.7K – $895.6K
NOI $53,738 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - A hand car wash property with open and private offices plus a basement with three bathrooms.
Where is this car wash located?
The property is located at 57 8TH AVE Unit 000 Passaic, NJ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Hand car wash property with open office space and private offices; Basement includes 3 bathrooms and offers additional space; Central Business District location with shared rear entrance for access
